By Pierre Bertrand

 

ABB Ltd. said Tuesday that it has received orders worth $170 million to power more than 300 new trains in Europe.

The orders, from Stadler Rail AG's Spanish subsidiary Stadler Valencia, include energy-efficient traction technologies and motors to modernize train transport in the U.K., Spain, Portugal, Germany and Austria, the Switzerland-based technology company said.

ABB said that a majority of the orders were booked in the third quarter and that its technology would also be applied to transport goods.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

October 04, 2022 04:38 ET (08:38 GMT)

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